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Tuesday, March 28, 2023
New Jersey had 280,000 job openings in January 2023, compared to 266,000 openings in December, the U.S. Bureau of Labor Statistics reported today. (See table 1.) Regional Commissioner Alexandra Hall Bovee noted that the job openings rate in New Jersey was 6.1 percent in January and 5.9 percent in the previous month. (See chart 1 and table 2.) The job openings rate nationally was 6.5 percent in January and 6.8 percent in December. (See table 3.) All data in this release are seasonally adjusted.
The ratio of unemployed persons per job opening in New Jersey was 0.6 in January. The ratio has been less than 1.0 in New Jersey since September 2021. Nationwide, 23 states and the District of Columbia had ratios in January that were lower than the national measure of 0.5 unemployed persons per job opening; 16 states had ratios that were higher than the national ratio, and 11 states had ratios equal to the national measure. (See map 1.)
In January, New Jersey had 143,000 hires and 140,000 separations, compared to hires and separations each totaling 141,000 in December. (See chart 2.) Over the 12 months ending in January, hires have averaged 153,000 per month and separations have averaged 144,000 per month. These averages include workers who may have been hired and separated more than once during the year.
Among the January separations in New Jersey, 76,000 were quits and 53,000 were layoffs and discharges, compared to 77,000 quits and 58,000 layoffs and discharges in December. (See chart 3.) Over the last 12 months, quits averaged 91,000 per month, ranging from 76,000 to 112,000. Layoffs and discharges have averaged 45,000 per month, ranging from 31,000 to 60,000.
The Job Openings and Labor Turnover Survey State estimates for February 2023 are scheduled to be released on Wednesday, April 19, 2023, at 10:00 a.m. (ET).
Effective with the release of the Job Openings and Labor Turnover Survey (JOLTS) national data for January on March 8, 2023, the Bureau of Labor Statistics (BLS) published historical annual average job openings levels and rates for states. State annual averages for 2001 through 2021 are available in the BLS JOLTS database.
Also effective with the release of national data on March 8, 2023, JOLTS modified its method for calculating annual estimates for hires and separations rates. Annual rates are computed as annual averages, instead of annual totals, to make the estimates more helpful for data users and to be consistent with other BLS programs. State annual average hires and separations rates for 2001 through 2021 are available in the BLS database.
The 2022 state annual estimates will be published with the issuance of the State Job Openings and Labor Turnover news release on July 26, 2023.
Additional information about upcoming changes to JOLTS annual estimates for states including the annual average calculation method, is available online.
This news release presents statistics from the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). The JOLTS program provides information on labor demand and turnover. The state estimates produced by JOLTS are model-based incorporating JOLTS sample, Quarterly Census of Employment and Wages (QCEW), and Current Employment Statistics (CES) estimates. For more information see the JOLTS State Estimates Methodology.
Job Openings. Job openings include all positions that are open on the last business day of the reference month. A job is open only if it meets all three of these conditions:
The number of unemployed persons per job opening is a ratio of the level of unemployed persons and the level of job openings. The number of unemployed persons at the national level is an estimate from the Current Population Survey (CPS), while state-level unemployment estimates are modeled by the Local Area Unemployment Statistics (LAUS) program. A ratio of 1.0 means there is a job available for every unemployed person. Lower ratios signal tighter labor markets, where firms have more job openings than there are unemployed persons available to work. Higher ratios indicate there are more unemployed persons competing for each job opening.
Hires. Hires include all additions to the payroll during the entire reference month.
Separations. Separations include all separations from the payroll during the entire reference month and is reported by type of separation: quits, layoffs and discharges, and other separations.
Levels and rates of other separations represent a small portion of total separations and are not published with the release of state estimates.
Complete definitions, including exclusions, and additional information about the State JOLTS data presented in this release are available in the State Job Openings and Labor Turnover Technical Note.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.
Estimate | January 2022 | October 2022 | November 2022 | December 2022 | January 2023(p) | Change from December 2022 to January 2023(p) |
---|---|---|---|---|---|---|
Openings | 299 | 246 | 203 | 266 | 280 | 14 |
Hires | 167 | 139 | 135 | 141 | 143 | 2 |
Total separations | 147 | 120 | 130 | 141 | 140 | -1 |
Quits | 102 | 82 | 81 | 77 | 76 | -1 |
Layoffs & discharges | 26 | 34 | 41 | 58 | 53 | -5 |
Estimate | January 2022 | October 2022 | November 2022 | December 2022 | January 2023(p) | Change from December 2022 to January 2023(p) |
---|---|---|---|---|---|---|
Openings(1) | 6.8 | 5.5 | 4.5 | 5.9 | 6.1 | 0.2 |
Hires(2) | 4.0 | 3.3 | 3.2 | 3.3 | 3.3 | 0.0 |
Total separations(3) | 3.6 | 2.8 | 3.0 | 3.3 | 3.2 | -0.1 |
Quits(3) | 2.5 | 1.9 | 1.9 | 1.8 | 1.8 | 0.0 |
Layoffs & discharges(3) | 0.6 | 0.8 | 1.0 | 1.4 | 1.2 | -0.2 |
Footnotes: |
Estimate | January 2022 | October 2022 | November 2022 | December 2022 | January 2023(p) | Change from December 2022 to January 2023(p) |
---|---|---|---|---|---|---|
Openings(1) | 7.1 | 6.4 | 6.5 | 6.8 | 6.5 | -0.3 |
Hires(2) | 4.3 | 4.0 | 4.1 | 4.0 | 4.1 | 0.1 |
Total separations(3) | 4.2 | 3.8 | 3.9 | 3.8 | 3.8 | 0.0 |
Quits(3) | 2.9 | 2.6 | 2.7 | 2.6 | 2.5 | -0.1 |
Layoffs & discharges(3) | 0.9 | 1.0 | 1.0 | 1.0 | 1.1 | 0.1 |
Footnotes: |
Last Modified Date: Tuesday, March 28, 2023